HKMA Intervenes to Support Currency Peg for First Time Since May 2018
Posted on 08/15/2018
The Hong Kong Monetary Authority (HKMA) intervened to defend its peg to the U.S. dollar. HKMA purchased HK$ 2.159 billion (US$ 275.05 million) in local HK dollars during New York trading hours on August 14, 2018. Year to date, HKMA has spent roughly HK$ 70 billion defending the currency system. This was the first intervention […]
